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A note with a face value of $4300 is discounted at 3%. If the discount was $21, find the length of the loan in days?


A note with a face value of $4300 is discounted at 3%. If the discount was $21, find the length of the loan in days? 

Step 1

Calculation of length of the loan in days:

The length or duration of the loan is approximately 60 days.


($4,300x 3% $129)

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($4,300x 3% $129)


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